Jan 24, 2023 12:28 PM IST

14 Indian startups have sacked over 2,100 employees in the first three weeks of 2023

The number of layoffs has crossed last year’s three-week average of around 1,060 sackings as more companies take up the layoff route to stay afloat amid a stubborn funding winter.

Few takers, teacher exits force Unacademy to defer offline NEET PG institute launch

Prepladder Neuros launch delayed till March as about 14 teachers have resigned over the last four months

Propcatalyst to facilitate fractional ownership of Rs 200 crore worth commercial assets to investors this year

The company plans to increase its assets under management (AUM) to Rs 250-300 crore this year from the current Rs 100 crore.

Sequoia-funded Zilingo, founded by Ankiti Bose, to liquidate after crisis

The liquidation process spells an end to a startup whose implosion and months-long battle for survival sent shock waves through Southeast Asia and India’s tech industries.

GoMechanic fiasco may be the end of honeymoon for Indian startups

The GoMechanic episode casts a dark shadow over all participants in the fray including deep-pocket investors, Sequoia and Tiger Global, the media which rushed to celebrate their unrealised success and, of course, the founders who may have even ignored warnings of financial irregularities from their auditors

Better Capital-backed Gullak raises $3 million in seed round

Gullak had earlier raised $1.3 million as part of its pre-seed round led by Better Capital and some angel investors, including Vimal Kumar and Sheetal Lalwani (Co-founders at JusPay)

NBFC Avanse Financial Services raises Rs 800 crore from Kedaara Capital

The funds would be used to expand the company's presence and outreach by lending to students and towards the development of the Indian education ecosystem, the lending firm has said

Sequoia announces Spark 02 fellowship for 12 female startup founders from India and SEA

Spark 02 founders will also have access to select Surge sessions and get mentorship from Sequoia India and Southeast Asia portfolio specialists across hiring, product, legal, finance, product, technology, and marketing

Budget 2023 | What does the startup street want from FM Sitharaman? | MC Budget Manifesto

The funds coming into Indian startups through the private equity and venture capital route slowed down in 2022. The ecosystem witnessed a prolonged effect of the funding winter. In the run-up to the Budget, we present you the MC Budget Manifesto, where we list key expectations of various sectors from FM Sitharaman. So what do the Indian startups wish for in 2023? Let’s find out.

Piyush Goyal pitches for startup database in country

Piyush Goyal said the database can help the government in its procurement of goods and services.

Startup VilCart raises USD 18 million from investors to expand operations

The company raised this amount in a Series A funding round led by Asia Impact SA.

Ola lays off 200 employees in 'restructuring exercise'

The laid-off employees are from Ola Cabs, Ola Electric, and Ola Financial Services verticals

Startup Street: Energising work culture through offsites

The sheer novelty of new locations in an offsite and informal approach often help bring new thoughts, new angles to reaching common goals and above all break down walls of communication

Startup funding in India drops 33% to USD 24 billion in 2022: Report

Global investors were still positive about the Indian startup ecosystem despite the global slowdown, as per the report titled 'Startup Tracker-CY 22'.

MC Insider: The next big pharma IPO, trader in trouble, life science firm in distress & more

PE firms increasing focus on revenue and profitability in funding evaluations: KreditBee’s Madhusudan Ekambaram

In a candid interview with Moneycontrol, KreditBee co-founder and CEO Madhusudan Ekambaram said that he intends to take the company public in three years. He also shared the rationale behind raising funds and provided an overview of the company's revenue and profit numbers.

Byju’s seeks more time from lenders to recast $1.2 billion debt

The creditors have until Tuesday to sign a forbearance agreement, which will give the company time till Feb. 10 to negotiate broader terms on the term loan, the people said, asking not to be identified as the information isn’t public.

Startup India Innovation Week begins today

Aimed at encourage entrepreneurship and innovation, the Startup India Innovation Week will conclude on the National Startup Day on January 16

Edtech startup Toddle raises $17 million from Sequoia Capital India, others 

This comes as B2C K-12 online edtech startups in India have been suffering post-pandemic with demand falling, while those operating in the B2B edtech segments witnessed tailwinds of growth with schools more open to adopting innovation.

Crypto startup funding falls to lowest level in almost two years

Overall, VC firms invested $2.3 billion in crypto startups during the quarter, a 75% drop from the same period the previous year, according to PitchBook.

MC Insider: Stock influencers fight, brokerage learns a hard lesson, spotlight on scamsters and more

How BharatPe racked up Rs 5,594 crore loss in FY22

Almost 85 percent of the loss amount was because of change in value of preference shares

Budget 2023 must lower barriers that chase out startups from India

Budget 2023: The lack of policy penetration, legacy artefacts in Indian regulations and restrictions on operations are pushing Indian innovation overseas

PE/VC funding tanked 30% in 2022; here's how Indian startups fared this year

The average deal size of late-stage transactions (investment into companies that are over 10 years old, or Series G or later rounds of institutional investments) fell 39 percent to $90 million in 2022 from $148 million last year.

Hate is public, love is private: Byju Raveendran to employees on his 2022 learnings

Byju Raveendran's comments on how users like Byju's courses come at a time when the company has been heavily criticised in the media about allegedly mis-selling and over-selling its courses, even to poor families in the country.